Top 10 cheapest car insurance companies

The cost of buying a car includes a lot more than the sticker price.

Even if you’ve found the make and model you’re looking for at a reasonable price, it’s a good idea to factor in the cost of car insurance. Some cars are cheaper to insure than others, but that doesn’t make them cheap cars. Find the cheapest car insurance in Ontario here, sorted from top to bottom.

Insurance premiums are based on a number of factors for any particular vehicle. This includes the original sticker price, estimated repair cost, safety ratings and the model’s claim history.

Cheaper cars are usually assigned lower rates because they are cheaper to repair. Models that score high in safety tests also have better premiums. Cars that have a better claim history in terms of the amount of damage they have sustained and caused to other cars also get a break when it comes to car insurance rates.

Perhaps unsurprisingly, many of the top vehicles on the list are family cars. This is reported by, which annually publishes a ranking of the cost of insurance based on average rates for more than 2,800 car models.

Want to know which vehicles topped the list? Here are the 10 cheapest cars to insure this year. All figures are in US dollars.

Cheapest Cars to insurance in Ontario

10. Jeep Wrangler

The Jeep Wrangler has made the list of the cheapest cars to insure in Ontario almost every year, though it has dropped out of the top 10 since 2017. A top 10 finish is still an impressive achievement. Like most vehicles on this list, it’s bigger.General Motors Canyon SL Automatic 2WD
The first full-size truck on the list, the GMC Canyon continues the tradition of prioritizing safety features for passengers. It is a large vehicle that is suitable for the countryside and travel. They’re durable, so they’re harder to damage, making it less likely that insurance companies will have to write it off in the event of a collision.

9. Toyota Tundra Automatic 2WD

Toyota becomes the next pickup on the list with the updated Tundra. It offers a powerful V8 engine, reliable safety features, plenty of space inside and traction control both on and off the road. It also provides excellent visibility for the driver thanks to the window design.

8. Chevrolet Cruze Hatchback Automatic 2WD

The Chevy Cruze is the first compact car to make the list of the cheapest cars to insure in Ontario in 2018. That’s quite an achievement considering how small it is. While many other vehicles on this list get high safety marks for their natural size, the Cruze remains cheap to insure thanks to its design—even as a compact car.

7. Hyundai Elantra LE Automatic 2WD

The Insurance Institute for Highway Safety named the 2018 Hyundai Elantra one of the safest cars on the road. Its standout safety features include an optional forward collision avoidance system and specialty headlights that are rated as safer than average, making it one of the best compact car options on the market when it comes to low insurance rates.

6. Ford Focus Electric Automatic 2WD

If you’re looking for electric cars that are also cheap to insure, this is one of your best options (but also look at the Toyota Prius). Electric cars typically cost around 20% more to insure than their petrol counterparts, which makes the Focus Electric’s appearance on this list all the more impressive. It doesn’t win awards for safety features, but it runs on affordable clean energy while remaining in the top 10 cheapest cars to insure in Ontario, making it a solid choice.

5. Nissan Versa Note S CVT 2WD

Nissan adds one of the most expensive subcompact cars to that list in the form of the Versa Note. Its low base price and great fuel economy make it a cost-effective choice on its own, but it also has some solid notable safety features for its class of car that put it at the higher end of this year’s list. These include pre-tensioning seat belts, anti-lock braking system and stability control.

4. KIA Sedona L Automatic AWD

Considered one of the safest minivans on the road, the KIA Sedona comes in third on our list thanks to its stellar safety rating. This car received the highest ratings for frontal impact protection and side protection, combined with the second-highest rollover protection system. If you’re looking for the best family car to insure in 2018, the KIA Sedona L Automatic is it.

3. Chevrolet Cruze LS Automatic 2WD

The Chevy Cruze makes another appearance on the list of the cheapest cars to insure in Ontario for 2018, this time for a sedan instead of a hatchback. It’s a tight race, but the sedan comes out ahead on price—most likely because the trunk doesn’t affect the rest of the car’s design as much as it would in a hatchback if the car ever had a rear end.

2. Toyota Prius C Hybrid Automatic 2WD

In 2018, a hybrid car took first place among the cheapest cars in Ontario, which few expected! Not only does it fall short of insurance cost expectations, but it also delivers a high level of safety, as recognized by the Insurance Institute for Highway Safety.

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